Marks And Spencer Share Discussion Threads

[freedom97] 12/10/2016 08:49

phil, everyone has different tastes, what one woman likes, another woman hates etc.

Just because your wife doesn't like the autumn collection doesn't mean all women think like her. Also, it depends on what mood she was in when shopping, as this can affect what appears to your mind, ie., if she return to store another day she might have liked the collection, also did she see the full collection or just focused on hats. ;o)

If you ask many other women they might say totally the opposite, 'what a great autumn collection this year' etc. So you have to ask at least 100 women their opinion on the autumn collection to reach a result that the M&S Autumn collection is very poor or very good. It is clearly daft for example for the press to say, the autumn collection is very poor, based on one womans opinion.

[careful] 12/10/2016 08:06

She should look closer at the quality of the fabric and manufacture.
Marks are getting it back.

Cheap rags may look the same, but they do not last.
The Duchess of Cambridge will not be looking at Primark just yet.
Not many women want cheap disposable clothes.

[qantas] 12/10/2016 01:34

Phil doesn't make any sense as you said primark anyway share price going up prime takeover target as these low levels.....

[philanderer] 12/10/2016 00:17

QANTAS , nothing to do with budget, M & S autumn collection is, as usual, very poor.

They`ve still not got it sorted .

She got what she wanted in Zara :-)

[qantas] 11/10/2016 21:48

Shorters got so burnt today this stock is not one to short.

[dlku] 11/10/2016 21:37

bid from quataris?
20% discount due to weak pound for them....and see those big buys today

[qantas] 11/10/2016 21:33

Phil we now know your wife's budget thank you for sharing.

[manonph] 11/10/2016 16:43

A proximity of sores. Bit of a rash statement

[careful] 11/10/2016 16:40

MKS should get some extra business now that BHS have gone.
stores were often in close proximity.

[philanderer] 11/10/2016 16:37

careful , not good news if they source overseas supplies and pay in sterling. But better news for the sector today. I hold MKS and BRBY (good numbers from LVMH) :-)

FT:

"Britain’s retailers are leading the index on Tuesday on the back of some better than expected news for a sector that has been suffering with rising competition. Next is up 4.7 per cent, Marks & Spencer rising 3.6 per cent and Burberry climbing 2.5 per cent today."

[careful] 11/10/2016 13:49

the weaker pound must make prime British retailers good value.

todays cap £5.4bn.
12 month high £8.8bn.

In US dollars the cap has more than halved.

[qantas] 11/10/2016 13:35

Shorters closing capitulation..

Perhaps a bid may be coming very nice 12 pence rise today..

[diku] 11/10/2016 13:13

This sure made a move today on the coat tails of another retailer...

[philanderer] 10/10/2016 10:55

Retailers warn government of Brexit price rises

[philanderer] 07/10/2016 13:40

NXT getting caned as well today.

Weak sterling increasing cost of overseas sourcing.

and / or....

".... J Sainsbury Plc and Marks & Spencer Group Plc declined more than 2.3 percent after a report that sales at mid-market retailers fell in September."

[philanderer] 07/10/2016 11:28

Next chart support looks like 309p

[philanderer] 07/10/2016 10:06

So what`s the story on the women`s clothing sales. Stores selling , but only when it`s discounted 50% ?

November 8th should reveal all hopefully.

[careful] 06/10/2016 20:42

pe of 11 is good value.
divi of over 4%.
after a fall from 550p.

[philanderer] 06/10/2016 13:13

"Marks & Spencer shares fall on outlook worries"

Numis issues reduce recommendation and expects profit downgrades

Marks and Spencer is among the day’s leading fallers on worries about the outlook for both its clothing and food businesses.

Its shares are down more than 4% to 323.5p as analysts at Numis reduced their recommendation from hold to reduce with a 295p price target.

Numis said the company’s new strategy on pricing looked the right move but the jury was out on whether it would succeed: It said:

Recognising after five years of negative like for likes that M&S had ‘clearly got its price dynamic wrong’, new chief executive Steve Rowe announced a series of strategic volte-faces, including double-digit price reductions on 30% of the range, a shift back to ‘good’ product, reduced seasonal phases, and a de-emphasis of the sub-brands. Essentially, the new strategy, which may well be absolutely right, amounts to having the right product available on the shelves at the right price - we see little to argue with here, but have limited visibility on what will underpin successful execution.

Food [is] a downside risk: Having successfully navigated the challenging deflationary environment over the last few years, it seems to be taken as read that M&S will continue to weather the storm in its Food division. With like for likes having tipped marginally into negative territory in the first quarter, and while we see no imminent threat, we do see any weakness in the Food division as a meaningful downside risk.

Given the warm August and September, M&S’ current trading will undoubtedly have been weak. As a result, we expect first half pretax profit to be in the region of £215m, which would suggest, even with a marked improvement in second half like for likes, full year pretax profit closer to £575m, if not worse. Versus current consensus of £590m, this suggests yet more downgrades to come.

By our calculation, M&S is now achieving a return on cash invested of just 5% and consensus expectations do not suggest any meaningful growth profile. Moreover, we are expecting downgrades in the coming weeks. And yet, on 11.2 times, it trades at a 10% premium to Next (10.2 times) on 2017 PE.

[careful] 06/10/2016 12:34

Partially rotated out of Tesco to MKS early today.
well into this now.
still in Tesco but lighter.

two good turnaround stories.

[philanderer] 06/10/2016 09:20

FWIW DNLM Q1 update this morning...


Commenting on Dunelm's performance, John Browett, Chief Executive, said:

"As expected, the homewares market has fallen due to unusually warm weather and this has correspondingly impacted our store performance over the period given the reduced footfall to our out-of-town superstores. However, we have continued to focus on our value based customer proposition and are increasing our market share in homewares, whilst also seeing good growth in our online business.

[philanderer] 06/10/2016 09:09

And the worst one today ;-)

Morning all.

[philanderer] 05/10/2016 17:58

Best performer by a mile in my portfolio today :-)